Berry Global Group, Inc. (NYSE:BERY) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,431,406 shares of the industrial products company’s stock after selling 2,482,726 shares during the quarter. Vanguard Group Inc. owned approximately 9.87% of Berry Global Group worth $739,269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. raised its stake in Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 306 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after buying an additional 821 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Berry Global Group by 463.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after buying an additional 876 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of Berry Global Group by 25,814.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company’s stock worth $117,000 after buying an additional 1,807 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in Berry Global Group during the third quarter worth about $201,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Performance

Shares of Berry Global Group stock opened at $69.46 on Friday. The firm has a market cap of $8.04 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 52 week low of $55.24 and a 52 week high of $74.24. The business’s fifty day simple moving average is $70.20 and its 200-day simple moving average is $68.62.

Berry Global Group (NYSE:BERY) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. Berry Global Group’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts forecast that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.31 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.79%. Berry Global Group’s dividend payout ratio (DPR) is presently 30.92%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com started coverage on shares of Berry Global Group in a research note on Tuesday, March 25th. They issued a “buy” rating on the stock. UBS Group lifted their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, Truist Financial upped their target price on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Berry Global Group has an average rating of “Hold” and an average price target of $74.56.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.